I really don't see the common currency appreciating much further in the days ahead. We'll probably see 1.1180 on Monday but eventually it will drop to 1.10 and even 1.0820 to retest this key support.

The NFP was outstanding and put September rate hike back on the table. Both sides of Greek debt negotiations are loosing patience with each other and expressing their frustrations in a stronger language. German bond market was supporting euro last week but that won't last forever. Thus, any further uptick in the pair will be a selling opportunity for me.
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